Atari Files for Bankruptcy
Expects to sell off assets
Atari has filed for bankruptcy in an attempt to separate its American assets from its French parent company.
In a statement Monday, the game-maker said it had filed for Chapter 11 bankruptcy protection in the United States, but will continue operations as normal.
"[We] have decided to take what we think is the best decision to protect the company and its shareholders," said CEO Jim Wilson.
The company expects to sell or restructure its assets within the next 90 to 120 days.
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post comments
Again?!